Court of Appeal outcome will be known by 9th February 2012
The Department of Energy and Climate Change (DECC) has now put before Parliament its ‘Plan B’: an order to lower solar PV Feed-in Tariffs with effect from 3rd March 2012. The outcome of the DECC’s appeal of last month’s Judicial Review will be known by 9th February 2012. Should DECC lose the appeal, then the higher rates will apply until 3rd March 2012. If DECC wins, then it will be able to continue with its consultation, and implement the decisions made.
Energy and Climate Change Minister Greg Barker said:
“I know this is a difficult time for the sector and I want to do as much as I can to end the current uncertainty created by the legal challenge.
We must reduce the level of FITs for solar panels as quickly as possible, to protect consumer bills and to avoid bust in the whole Feed-in Tariff budget. We’re appealing against the court ruling that’s challenged our proposal for a December reference date. This remains our aim, and we are waiting for the judgment of the Court of Appeal. But this is too important for us to sit and do nothing while we wait. Today we’re putting in place a contingency that will bring a 21p rate into effect from April for installations from 3 March.
However, we are still pressing ahead with our appeal and if successful, we retain the option of introducing a December reference date. In the circumstances we believe this gives the industry as much certainty as is possible. And it puts us in a better position to protect the budget for everyone involved.”
If you have any concerns or would like to discuss any aspect of your PV project, please contact lee.baxter@myriadceg.com or telephone 0203 056 0875